Staatsolie Annual Report 2017
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Confidence in Our Own Abilities<br />
38<br />
<strong>Staatsolie</strong> Maatschappij Suriname N.V.<br />
Consolidated statement of financial position<br />
as at December 31, <strong>2017</strong> and 2016<br />
(x Us$ 1,000) Notes <strong>2017</strong> 2016 As at January 1, 2016<br />
Assets<br />
Non-current assets<br />
Oil, exploration and producing properties 4.1 512,520 444,335 482,760<br />
Refining properties 4.2 966,130 1,004,313 1,056,292<br />
Other property, plant and equipment 4.3 142,301 149,227 186,656<br />
Goodwill 4.5 5,447 5,447 5,447<br />
Other intangible assets 4.5 6,024 8,841 11,658<br />
Investments in Joint Ventures 4.4 277,306 285,306 217,385<br />
Loan receivable long term 5.3 11,007 14,677 -<br />
Restricted cash 6.1 16,851 11,850 14,412<br />
Deferred tax asset 3.3 7,315 16,497 -<br />
Total non-current assets 1,944,901 1,940,493 1,974,610<br />
Current assets<br />
Inventories 6.3 62,224 65,869 72,389<br />
Trade receivables 6.2 107,248 101,878 118,319<br />
Prepayment and other current assets 6.2 27,175 44,472 43,304<br />
Loan receivable short- term 5.3 8,368 9,173 805<br />
Short-term investments 5.3 3,838 3,797 6,910<br />
Resticted cash 6.1 10,611 7,370 6,444<br />
Cash and short-term deposits 6.1 46,521 17,371 30,632<br />
Total current assets 265,985 249,930 278,803<br />
Total Assets 2,210,886 2,190,423 2,253,413<br />
Equity and liabilities<br />
Equity<br />
Common Stock 5.1 12,104 12,104 12,104<br />
Retained earnings 1,145,993 1,077,277 1,118,088<br />
Other capital reserves 5.1 11,566 11,116 11,360<br />
Total equity 1,169,663 1,100,497 1,141,552<br />
Non-current liabilities<br />
Bond 5.3 98,668 98,475 98,281<br />
Term loans 5.3 500,840 591,646 623,191<br />
Provisions 4.7 93,054 48,287 79,120<br />
Employee defined benefit liabilities 4.8 42,752 65,069 53,715<br />
Defered tax liabilities 3.3 - - 6,928<br />
Other long term liabilities 3,862 1,462 6,365<br />
Total non-current liabilities 739,176 804,939 867,600<br />
Current liabilities<br />
Bank overdraft 6.1 3,713 3.713 2,560<br />
Trade payables 6.4 90,570 96,618 110,350<br />
Provisions (short-term) 4.7 - 1,600 -<br />
Accruals and other liabilities 6.4 97,525 93,280 62,277<br />
Income tax payable 4,878 20,745 4,273<br />
Short-term portion of loans 5.3 105,361 69,031 64,801<br />
Total current liabilities 302,047 284,987 244,261<br />
Total liabilities 1,041,223 1,089,926 1,111,861<br />
Total equity and Liabilities 2,210,886 2,190,423 2,253,413
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